Robert Halfon
Main Page: Robert Halfon (Conservative - Harlow)Department Debates - View all Robert Halfon's debates with the Leader of the House
(11 years, 11 months ago)
Commons ChamberMy memory is that the issue was raised in the Backbench Business Committee’s discussions, but I cannot be sure at the moment. My right hon. Friend the Deputy Leader of the House and I might talk with the Chair of the Committee. I think that it might have scheduled the debate and that it has already taken place, but I just do not remember entirely. However, there are certainly important opportunities for us to debate that.
Has my right hon. Friend seen early-day motion 965, which is about using the extra revenue raised by the new 45p rate of tax?
[That this House notes newspaper reports that the top rate of income tax is expected to raise more money when it falls to 45 pence, not less, as fewer will avoid it; further notes that the Institute for Fiscal Studies and the Treasury have estimated that £7 billion was lost when the top rate was raised by the previous administration to 50 pence; concludes therefore that when the economy recovers, any extra revenues gained from the rich by the cut in the top rate should be used to pay for lower taxes on lower earners, for example by restoring the starter 10 pence rate of income tax; and finally notes that a new generous 10 pence band between £9,440 and £12,000 would be worth at least £250 annually to British workers, and would lift everyone on the minimum wage at least halfway towards earning the living wage in cash terms.]
Will he consider having a debate on the subject so that we can see whether we could use the extra revenue to restore the 10p income tax rate and lower tax for lower earners?
Yes, I have seen that early-day motion—we have discussed it in previous business questions. My hon. Friend has been assiduous in raising it, including, if I recall correctly, during Northern Ireland questions. He is so assiduous in these matters that I think no Government Minister can be unaware of the point he is making. However, it is of course a matter for the Chancellor of the Exchequer.